$LQTY struggles to maintain its gains - Bears control the decline below $1.12

The price of the US dollar (USDT) rose earlier in the session, reaching a high of $1.184, but the momentum quickly faded with consecutive rejections and bearish candles. The price is now holding onto the support area at $1.125. If this area is broken, we expect more rapid downward pressure.

Trading Settings 🔻 Short Trade Signal

Entry Area: 1.126 - 1.130

Take Profit 1: 1.105

Take Profit 2: 1.080

Stop Loss: 1.137

Market Forecast

Momentum has decreased with slowing trading volume and lower highs forming with each bounce. A drop below $1.125 could lead to a downward wave towards previous demand areas. Bulls must quickly regain $1.145 or higher to avoid larger losses.

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